CAD to widen to $25 billion in FY17 on surge in gold imports, sluggish exports: Report
What may cause concerns for the Indian economy, country's current account deficit (CAD) is likley to widen to USD 25 billion this year from USD 20 billion in 2015-16 due to slowness in exports and sudden surge in gold imports, as per a report released on Friday.
Apr 28, 2016, 21:27 PM IST
India's gold imports drop 80.48% to $972.9 million in March
India's gold imports in March slumped by 80.48 percent to USD 972.9 million as higher prices and jewellers' strike curbed demand.
Apr 18, 2016, 19:18 PM IST
India's gold imports drop 16% in FY 2015-16: Report
The world`s second biggest consumer imports in March slumped to 18 tonnes from 125 tonnes in the previous year.
Apr 13, 2016, 15:52 PM IST
India's February gold imports drop 34%
India`s gold imports in February fell 34 percent compared with the same period last year, news agency NewsRise Financial reported on Monday, citing a government official, as high prices and hopes for a cut in import taxes kept buyers away.
Apr 04, 2016, 15:37 PM IST
Gold imports contract 29.5% to $1.39 bn in February
After a sharp rise in January, gold imports in February declined 29.49 percent to USD 1.39 billion, which is expected to keep a lid on the country's current account deficit (CAD).
Mar 15, 2016, 23:12 PM IST
India's February gold imports seen at lowest since 2013
India`s imports of the metal are expected to drop to 25 tonnes in February, according to a median of estimates from five industry participants, including bank dealers and traders.
Feb 23, 2016, 18:51 PM IST
Gold imports up 85% to nearly $3 billion in January
Driven by dip in global prices, India's gold imports increased by 85.16 percent to USD 2.91 billion last month.
Feb 15, 2016, 20:46 PM IST
Modi govt mobilises 900 kgs of gold under monetisation scheme
The Gold Monetisation Scheme, which had not picked up initially, was fine-tuned to make it more attractive and convenient to encourage entities holding idle gold to participate in the scheme.
Jan 23, 2016, 19:10 PM IST
Exports contract for 13th month in a row in Dec '15; gold imports rise to $3.8 bn
Imports too plunged 3.88 percent to USD 33.9 billion in December.
Jan 18, 2016, 12:44 PM IST
Gold imports lose steam, fall 36.5 pc to $3.5 bn in Nov
Gold imports shrank 36.5 percent to USD 3.53 billion in November on the back of falling prices of the yellow metal, something that will keep the country's current account deficit (CAD) in check.
Dec 27, 2015, 11:57 AM IST
Gold imports in Apr-Sept at 528 tonnes
India imported over 528 tonnes of gold, worth Rs 1.12 lakh crore, between April-September this year, Minister of State for Finance Jayant Sinha has said.
Dec 02, 2015, 20:27 PM IST
India's current account deficit to be 1% of GDP in FY'16: Citi
India's current account deficit (CAD) is likely to be about 1 percent of the GDP in the current fiscal because of low crude prices and contained gold imports, says a Citigroup report.
Nov 17, 2015, 14:08 PM IST
Gold imports decline in September
The imports shrunk 45.62 percent in September to USD 2.057 billion as against USD 3.783 billion in the similar month last year.
Oct 15, 2015, 19:58 PM IST
Mandi Live: Rise in Gold Import
The import of gold increases by 140%. In the month of August, $4.95 Arab gold was imported. The import of silver increases by 44%.
The price of crude on MCX has risen by 1%.
Gold imports jump 140% to $4.95 bn in August
Gold imports more than doubled to USD 4.95 billion in August, driven by dip in global prices and higher domestic demand in view of forthcoming festival season.
Sep 15, 2015, 23:07 PM IST
Govt cuts import tariff on gold, silver
The government on Tuesday slashed the import tariff value on gold and silver to USD 359 per 10 grams and USD 470 per kg respectively, following weak global cues.
Sep 15, 2015, 20:06 PM IST
Gold imports cross 120 tonnes in Aug, highest so far in FY16
Gold imports stood at 89 tonnes in July 2015. In August last year, the figure was 50 tonnes.
Sep 13, 2015, 12:55 PM IST
Drought dents India gold demand; prices still appealing
Nearly two-thirds of India`s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
Sep 11, 2015, 11:05 AM IST
India lures gold investors with govt bond, monetisation plan
India will soon launch a sovereign gold bond and a scheme to mobilise tonnes of the metal stored in households, the finance minister said, a move that mainly seeks to wean investors away from physical gold and cut massive imports.
Sep 09, 2015, 16:50 PM IST
Gold imports jump 62.2% to $2.96 billion in July
After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).
Aug 14, 2015, 20:34 PM IST
